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My Local Coin Shop Just Listed This SLQ

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 Posted 09/24/2014  3:39 pm  Show Profile   Check vermontensium's eBay Listings Check vermontensium's eCrater Listings Bookmark this reply Add vermontensium to your friends list
Nice coin! Now, had that been FH..*whistle*
swcoin.ecrater.com
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 Posted 09/24/2014  6:02 pm  Show Profile   Bookmark this reply Add tkbslc to your friends list

Quote:
Beautiful coin! Look what else the seller has...

http://www.ebay.com/itm/1793-Chain-...em5d4fe368b0


Yeah, I saw that! Pretty cool..

This shop is actually a few blocks down from my work and have been around forever. They do stock some pretty cool coins from time to time. I am a little intimidated by their shop, though.

One thing that is cool is often they have the old Mormon currency (being Utah) and it is amazing how rare and valuable that is.

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 Posted 09/24/2014  6:53 pm  Show Profile   Bookmark this reply Add dsfreeworld to your friends list

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My figure of "$1000 over" is based on real-world sales records of MS66 non-FB 1923-S's.


To Dave's point, and if you do not have access to PCGS and /or do not feel like hunting auction records, you do not see the last handful of these to hit in block, in PCGS MS66

04/13 HA $4,700
05/12 HA $4,888
02/12 SB $5,292
06/10 BM $4,774
11/08 BM $4,600

If the needle has not moved in the past 5 years, what justifies a price where you'd lose $500 the next day at auction? I would split the difference in the debate and say its priced $500 too much.

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 Posted 09/24/2014  6:53 pm  Show Profile   Bookmark this reply Add CoinCollector2012 to your friends list
Amazing coin!

It looks like its in an OGH too!
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 Posted 09/24/2014  7:17 pm  Show Profile   Bookmark this reply Add edweather to your friends list
Beautiful coin!! Am also getting away from price guides as buying guides. Am looking at recent auction results for accurate buying guidance. Unless it's a high demand coin (which SLQs might be,) the price guides are way off.
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 Posted 09/24/2014  9:29 pm  Show Profile   Bookmark this reply Add 1893S to your friends list
Are those prices pre or post juice?
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 Posted 09/24/2014  10:01 pm  Show Profile   Bookmark this reply Add dsfreeworld to your friends list

Quote:
Are those prices pre or post juice?


Are you asking if the final hammer includes a buyers premium?

Juice?

In any event, a visit to ha.com will satisfy your curiosity and allow for comparative picture viewing so well worth the trip in my estimation
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 Posted 09/25/2014  06:27 am  Show Profile   Bookmark this reply Add TreasHunt to your friends list
beautiful coin
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 Posted 09/25/2014  09:35 am  Show Profile   Bookmark this reply Add mainer020648 to your friends list
I sometimes hesitate using auction records when the latest one is over a year old. I did find one active listing for this date, mm and grade at Gary Adkins website. He has it listed at $5250. There are a few on ebay that are MS64 listed in the mid $4000 range a 1 MS66+ at over $6000.
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 Posted 09/25/2014  4:11 pm  Show Profile   Bookmark this reply Add dsfreeworld to your friends list

Quote:
I sometimes hesitate using auction records when the latest one is over a year old.


That's the whole point. What did the market say last time around and the time before and before and so on and so forth. If the market has been consistent for 5 or 6 years straight why would you all of a sudden spend more?
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 Posted 09/25/2014  6:14 pm  Show Profile   Bookmark this reply Add mainer020648 to your friends list
The market for a particular series may have changed in the last year. I also check "sold" listings on ebay and Great Collections as well as several dealers for current offerings to see where the "current" market is. I didn't mean that I don't use auction results at all but that I check several sources to compare both past and current markets. I know people who use nothing but auction results and base their decisions on that.
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 Posted 09/25/2014  6:42 pm  Show Profile   Bookmark this reply Add SsuperDdave to your friends list
It makes no sense to base an opinion of value on asking prices. A coin is worth what people are proven to have paid for it.
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 Posted 09/26/2014  01:06 am  Show Profile   Bookmark this reply Add tkbslc to your friends list
Was the last one toned?
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 Posted 10/01/2014  12:08 am  Show Profile   Bookmark this reply Add EarlyTurban to your friends list
A SLQ with that "look" is a gorgeous and desirable coin, particularly for a better date such as a '23-S.

ET
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 Posted 10/01/2014  12:23 am  Show Profile   Bookmark this reply Add Medieval to your friends list

Quote:
It makes no sense to base an opinion of value on asking prices. A coin is worth what people are proven to have paid for it.


Fully agree with the first sentence. My take on the second is: Anything is worth only as much (to you) as you are prepared to pay for it.

As explanation: would I want a 1930 Australian Penny? Yes, I do. Will I buy one? Maybe if I win the lottery. For the same amount I can buy a lot of nice ancient coins. But for someone who is desperate to own a specific coin it's a matter of availability and cash on hand.
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